Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

BP

Market Cap: UK£52.5b

An integrated energy company, provides carbon products and services.

Fujian Funeng

Market Cap: CN¥26.8b

Engages in the production and sale of electricity and heat in China.

Adaro Minerals Indonesia

Market Cap: Rp36.0t

Engages in metallurgical coal mining business in Indonesia.

LX Semicon

Market Cap: ₩824.6b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Wus Printed Circuit (Kunshan)

Market Cap: CN¥53.6b

Engages in the research, development, design, manufacture, and sale of printed circuit boards in China.

COSCO SHIPPING Ports

Market Cap: HK$15.5b

An investment holding company, manages and operates ports and terminals in Mainland China, Hong Kong, Europe, and internationally.

China National Building Material

Market Cap: HK$31.0b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

China Resources Land

Market Cap: HK$189.3b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Jiangshan Oupai Door Industry

Market Cap: CN¥2.6b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

Anhui HeliLtd

Market Cap: CN¥14.5b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Trajan Group Holdings

Market Cap: AU$114.3m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

Apeloa PharmaceuticalLtd

Market Cap: CN¥16.2b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

China Tower

Market Cap: HK$190.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

China Resources Power Holdings

Market Cap: HK$94.3b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Beijing New Building Materials

Market Cap: CN¥49.0b

Manufactures and sells building materials in China and internationally.

Ningbo Deye Technology Group

Market Cap: CN¥56.0b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Rayonier

Market Cap: US$3.9b

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.

Polar Capital Holdings

Market Cap: €361.5m

Polar Capital Holdings plc is a publicly owned investment manager.

Red Rock Resorts

Market Cap: US$4.1b

Through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.

Viatris

Market Cap: €9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

EVS Broadcast Equipment

Market Cap: €465.3m

Provides live video technology for broadcast and media productions worldwide.

Bayer

Market Cap: US$20.5b

Operates as a life science company worldwide.

Tristel

Market Cap: UK£151.7m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

S&T Bancorp

Market Cap: US$1.3b

Operates as the bank holding company for S&T Bank that provides retail and commercial banking products and services to consumer, commercial, and small business in Pennsylvania and Ohio.

MGP Ingredients

Market Cap: US$602.0m

Produces and supplies distilled spirits, branded spirits, and food ingredients worldwide.

Merchants Bancorp

Market Cap: US$1.4b

Operates as the diversified bank holding company in the United States.

Cabka

Market Cap: €49.4m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

Bank of Ireland Group

Market Cap: €10.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Morgan Advanced Materials

Market Cap: UK£519.2m

Manufactures and sells various carbon and ceramic products in the United Kingdom.

Bombardier

Market Cap: US$8.0b

Engages in the design, manufacture, and sale of business aircraft and aircraft structural components worldwide.

Hanmi Financial

Market Cap: US$612.2m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

TELUS International (Cda)

Market Cap: CA$664.3m

Offers digital customer experience and digital solutions in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally.